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Dec 31, 2020
Columbia Q4 2020 Earnings Report
Reported lower net sales and profitability due to the ongoing negative effects of the COVID-19 pandemic.
Key Takeaways
Columbia Sportswear Company reported a decrease in net sales by 4% to $915.7 million compared to Q4 2019. Diluted earnings per share decreased by 14% to $1.44. The company exited the quarter with $791.9 million in cash and short-term investments and no borrowings.
Net sales decreased 4 percent to $915.7 million.
E-commerce net sales increased 41 percent year-over-year.
Operating income decreased 11 percent to $123.7 million.
Diluted earnings per share decreased 14 percent to $1.44.
Revenue by Geographic Location
Forward Guidance
Columbia Sportswear Company provided its full year 2021 financial outlook, which reflects expectations as of February 4, 2021 and are subject to significant risks and business uncertainties.
Positive Outlook
- Net sales of $2.95 to $3.00 billion, representing a net sales growth of 18.0 to 20.0 percent.
- Operating income of $320 to $346 million, representing operating margin of 10.8 to 11.5 percent.
- Diluted earnings per share of $3.75 to $4.05.
Challenges Ahead
- The ultimate impact on our operations for 2021, or whether other currently unanticipated direct or indirect consequences of the pandemic are reasonably likely to materially affect our operations.
- COVID-19 pandemic on our operations
- Economic slowdowns that have and may continue to result from the pandemic
- Supply chain and logistics capacity constraints
- Changes in consumer behavior and confidence, as well as geopolitical tensions
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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